MEDIA FOR LIBERTY AWARD OVERVIEW

From 2010 to 2014, Liberty Media Corporation sponsored the Media for Liberty Award. The objective of the award was to acknowledge and encourage media contributions that explore the relationship between economic and political liberty. The most outstanding entry, as selected by our distinguished panel of judges, published or transmitted in the preceding calendar year received an award of $50,000.

Economists and political theorists have long debated the relationship between economic liberty (i.e., freedom of individuals to make economic choices in a free-market environment) and political liberty (i.e., freedom from government intervention and fostering of civil liberties). Prominent economists such as Milton Friedman, Friedrich Hayek and Ludwig von Mises, have argued that free economies are conducive to, or even an inseparable element of, political freedom.

The promotion of economic and political liberties requires continual examination by policy makers both in the United States and across the globe. But the media can play an equally vital role in promoting these freedoms through its treatment of and attention to issues of the day, and the societies, cultures and people who are either prospering or struggling in their pursuit of them. Journalism - from various viewpoints and in various formats - that illustrates this correlation will become increasingly relevant as boundaries are lifted and these ideas applied globally.

Thank you all for the many contributions that made this award a success for five years. We appreciate your participation.